Company / R&D Expense
Serve Robotics Inc. /DE/ R&D Expense History
FY2022-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$45.3M
FY2025
5-year range
$9.9M / $45.3M
FY2022-FY2025
Trend
+86.6%
vs FY2024
Sector context
#109 of 174
Industrials
What the data says
At $45M, Serve Robotics Inc. /DE/'s r&d expense ranks #109 of 174 in the Industrials sector. Improved from $10M to $45M over the past 2 years.
Based on SEC 10-K filings.
$45M in FY2025 with a 3-year CAGR of +49.4%.
Improved from $10M to $45M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +49.4%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
#109 of 174 in IndustrialsTop 63% of 174This company $45.3M Sector average $273.7M
▼
-83.5% below sector average
Key checks
Key Insights
- 3-year CAGR of +49.4%, indicating consistent growth.
- In FY2025, r&d expense increased 86.6% year-over-year.
- Ranks #109 out of 174 companies in the Industrials sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score 7.68 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $45.3M | +86.6% |
| FY2024 | $24.3M | +143.8% |
| FY2023 | $9.9M | -26.7% |
| FY2022 | $13.6M | - |
| FY2021 | - | - |
| FY2020 | - | - |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026